DSM's Q1 core profit up 10% on strong demand despite higher prices
03/05/2022 06:08
AMSTERDAM, May 3 (Reuters) - Dutch specialty chemicals maker
DSM DSMN.AS on Tuesday beat analyst expectations with a 10%
jump in first-quarter core profit to 487 million euros ($511
million), as demand for its food ingredients and materials
remained strong despite elevated prices.
Analysts in a company-compiled poll on average had predicted
adjusted earnings before interest, taxes, depreciation and
amortization (EBITDA) would rise to 466 million euros, from 441
million a year before.
($1 = 0.9524 euros)
(Reporting by Bart Meijer; Editing by Jacqueline Wong)
((Bart.Meijer@thomsonreuters.com; +31 20 504 5006; Reuters
Messaging: bart.meijer@thomsonreuters.com))